Infrastructure

Will Goodbody / RTÉ: Ireland-based TransferMate, a B2B payments infrastructure company, raises $70M at a $1B valuation, bringing its total funding to $130M — Irish business to business payments infrastructure company, TransferMate, has secured $70m in fresh funding, at a new valuation of $1 billion. Will Goodbody / RTÉ: Ireland-based TransferMate, a B2B payments infrastructure company, raises $70M at a $1B valuation, bringing its total funding to $130M — Irish…

Tesla, along with other EV companies and environmental groups, is lobbying for some of the federal funding going to EV charging infrastructure to be used to deploy charging stations for electric trucks. Last year, the US legislature approved a new infrastructure bill that included $7.5 billion in funding for electric vehicle charging infrastructure. The officials are still in process of figuring out how to distribute this funding most efficiently. Now several EV companies, including Tesla, and environmental…

According to a large-scale study conducted by computer scientists, about a quarter of the world’s Internet users live in countries that are more susceptible than previously thought to targeted attacks on their Internet infrastructure.About 25% of the world’s Internet users live in countries that are more vulnerable to targeted attacks on their Internet infrastructure than previously thought. Many of the at-risk countries are located in the Global South, which broadly includes the regions of Latin America, Asia, Africa,…

Few people love car dealerships. They’re stressful and sprawling, and it’s hard to shake the feeling that someone is getting a raw deal. But as the auto industry increasingly goes electric and moves online, companies like Honda are rethinking every aspect of the purchase process—including the spaces in which it happens.Honda announced today that it’s rolling out a new dealership design, one that takes up less square footage and is modular and flexible; what was once showroom space, for example, can be transformed into…

Cycling as a sport and habit emerged as one of the key trends for people to unwind, socialize and work out all at the same time. As the pandemic has become a passe and restrictions eased, people not only realized the value of their health but also wanted to reconnect with their loved ones in ways that would be safe. Cycling is not only cost-effective and pollution-free but also helps with exercise and is social-distance-friendly. It has been fueled by the government’s recent initiative to promote green transport. The…

Facebook parent, Meta Platforms, and chip maker AMD on Wednesday said they were partnering for a mobile internet infrastructure program that would bring base station costs down to make broadband more accessible around the world.The programme, called Evenstar, was launched by Meta in early 2020 and promotes a platform called OpenRan that makes it possible for cellular network operators to mix and match hardware and software for building base stations instead of buying all of it from one equipment maker.That gives operators…

Automaker MG Motor India has said it has partnered with Bharat Petroleum Corporation Ltd (BPCL) to bolster EV charging infrastructure across the country. The partnership with BPCL will add momentum to EV adoption by expanding opportunities for intercity travel as the two entities will install EV chargers across highways and within cities, the automaker said in a statement.With BPCL’s vast customer reach and operations and MG’s strides in the EV space, the two entities can combine expertise to strategically identify…

Nvidia's graphic chips (GPU), which initially helped propel and enhance the quality of videos in the gaming market, have become the dominant chips for companies to use for AI workloads. The latest GPU, called the H100, can help reduce computing times from weeks to days for some work involving training AI models, the company said.The announcements were made at Nvidia's AI developers conference online."Data centres are becoming AI factories — processing and refining mountains of data to produce intelligence," said Nvidia…

Comptroller and Auditor General of India (CAG) has published a detailed report on the functioning of Unique Identification Authority of India (UIDAI) in which it has pointed out a list of flaws that exist in the Aadhaar infrastructure. The report also underlines pitfalls in the process of generating unique identification numbers for Indian residents through the system that was introduced back in 2009 and received a separate legal backing to the Aadhaar system in 2016. Alongside pointing out the issues, the report names…